Question

8) What is a plausible reason or what are plausible reasons that many of the Forbes 400 studied economics or finance at college? Check all that apply.

a) Because so few people do these majors. It is the law of large numbers.

b) Because success in studying economics correlates to understanding business concepts.

c) Because there is high leverage in understanding the concepts of finance.

d) Because these degrees allowed them to go directly into management after college.

e) Because these degrees allowed them to go directly into money management after college.

Answer 1

Correct options:

b) Because success in studying economics correlates to understanding business concepts.

e) Because these degrees allowed them to go directly into money management after college.

Reason: By studying finance and economics, the students were able to understand business and money management concepts, which helped them enter into money management right after college, thereby helping them climb the ladder to their career success, thereby helping them reach top positions.